When changes in taxes and government spending occur in the economy without explicit action by Congress, such policy is called ______ fiscal policy:
A. Cyclical
B. Implicit
C. Discretionary
D. Nondiscretionary
D. Nondiscretionary
You might also like to view...
College graduation rates and college attendance rates are equally strongly correlated with family income
Indicate whether the statement is true or false
Union membership in the United States has remained relatively steady since 1955
a. True b. False
Each month, the Bureau of Labor Statistics calculates unemployment by
a. surveying all workers in the economy. b. surveying a random sample of households. c. making projections based on census data. d. surveying large business and government employers.
An increase in the supply of bonds leads to
A) an increase in the price of bonds, a decrease in the interest rate, and an increase in aggregate demand. B) an increase in the price of bonds, an increase in the interest rate, and an increase in aggregate demand. C) a decrease in the price of bonds, an increase in the interest rate, and an increase in aggregate demand. D) a decrease in the price of bonds, an increase in the interest rate, and a decrease in aggregate demand.